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EXHIBIT 11.1
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
USA TRUCK, INC.
Three Months Ended Nine Months Ended
September 30, September 30,
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1999 1998 1999 1998
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Numerator:
Net income and comprehensive income .... $ 1,688,989 $ 2,822,007 $ 6,447,909 $ 7,957,802
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Denominator:
Denominator for basic earnings per
share - weighted average shares ........ 9,298,377 9,417,520 9,369,589 9,407,007
Effect of dilutive securities:-
Employee stock options ................. 37,595 95,434 38,994 83,080
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Denominator for diluted earnings per
share - adjusted weighted average
shares and assumed conversions ......... 9,335,972 9,512,954 9,408,583 9,490,087
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Basic earnings per share ............... $ 0.18 $ 0.30 $ 0.69 $ 0.85
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Diluted earnings per share ............. $ 0.18 $ 0.30 $ 0.69 $ 0.84
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